267,669 Shares in Varex Imaging (VREX) Acquired by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP bought a new position in Varex Imaging (NASDAQ:VREX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 267,669 shares of the company’s stock, valued at approximately $9,048,000. Dimensional Fund Advisors LP owned 0.71% of Varex Imaging at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in VREX. Hussman Strategic Advisors Inc. acquired a new position in shares of Varex Imaging in the second quarter worth about $147,000. Independent Order of Foresters acquired a new position in shares of Varex Imaging in the second quarter worth about $243,000. Seaward Management Limited Partnership acquired a new position in shares of Varex Imaging in the second quarter worth about $213,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Varex Imaging in the second quarter worth about $5,349,000. Finally, Foundry Partners LLC acquired a new position in shares of Varex Imaging in the second quarter worth about $455,000. Institutional investors own 92.94% of the company’s stock.
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Shares of Varex Imaging (NASDAQ VREX) opened at $36.72 on Friday. The company has a current ratio of 3.26, a quick ratio of 1.72 and a debt-to-equity ratio of 1.22. Varex Imaging has a fifty-two week low of $25.00 and a fifty-two week high of $37.15.
Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $216.00 million for the quarter, compared to analyst estimates of $213.73 million. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. analysts forecast that Varex Imaging will post 1.82 earnings per share for the current fiscal year.
Several brokerages have commented on VREX. Jefferies Group LLC raised their target price on shares of Varex Imaging to $39.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Zacks Investment Research cut shares of Varex Imaging from a “hold” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co upgraded shares of Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 price target for the company in a report on Tuesday, August 8th.
Varex Imaging Company Profile
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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